# Dairy Industry Moves Past Bottleneck - ProAg

> Arizona dairies were asked to cut milk output by 10% in the spring, and about 12 million pounds of milk were dumped in April and a little more in May. Food service is returning, and cheese customers are taking product again. Class III futures fell to $11.23 per hundredweight in early May before surging back above $20.

- Date: 2020-06-12 · published 2020-06-12T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/52780-dairy-industry-moves-past-bottleneck-proag
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Recovering foodservice demand and tighter supply have pushed milk prices back up sharply, showing how quickly the market can rebound after a demand shock.

## Read by commodity

- MILK: bullish ▲

## Sources

- proag.com: https://www.proag.com/news/dairy-industry-moves-past-bottleneck/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.